Jan 9 (Reuters) - Sapura Energy Bhd: * UPDATES ON PROPOSED STRATEGIC PARTNERSHIP BETWEEN CO AND OMV AKTIENGESELLSCHAFT * CO INTENDS TO OBTAIN FINANCING FACILITIES OF UP TO $550 MILLION BUT NOT LESS THAN ...

Austria has moved to acquire Russian oil and gas assets, to the chagrin of some of its European neighbors. This transaction is a capitulation of a long asset swap dispute with Norway over OMV's Norwegian assets, which were originally earmarked to be swapped with Gazprom back in 2016.

U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday. While the company sold assets in Thailand and Indonesia a few years ago as it saw little growth in those two countries, Southeast Asia still plays a key role in its portfolio, said Greg Hill, president and chief operating officer of Hess. "We have 20 years of investment opportunities that have provided good stable cash flow for us," said Hill on the sidelines of the Asia Pacific Petroleum Conference (APPEC) in Singapore.

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Historically, OMV Aktiengesellschaft (VIE:OMV) has been paying a dividend toRead More...